November 1, 2016

Nifty Elliott Wave Analysis and Outlook for 01 Nov 2016 Onward

Nifty opened gap up on Muhurat trading at 8672 but failed to sustain at higher levels and declined straight way to register day’s low 8616 before closing 12 points down at 8625.

On Sunday, Nifty opened gap up as per expectations but failed to sustain at higher levels and trailing stoploss of 8631 triggered. Nov 8900-9000 Calls in light quantity were suggested to hold without stoploss. Let’s have a fresh look at latest charts for further scenario.